tomo logo

$494,000

Beds
3
Baths
2.0
sq ft
1,602

8992 Madrid Cir, Naples, FL 34104

8992 Madrid Cir

Naples, FL 34104

  • 51 days on market
    • Price drop $5,000↓
HIGH Demand Location & Floorplan ; LOADED WITH UPGRADES and a WATER VIEW- UNDER 500K!!!! As you enter you will notice the HIGH ceilings, UPGRADED Quartz counter tops, and PLANK TILE flooring throughout. This well built and SECURE home is equipped with a beautiful TILE ROOF, IMPACT GLASS and HUGE Master CLOSETS. One of the many ADVANTAGES of owning in Fronterra is the VERY LOW association fees which include your exterior irrigation and access to a beautiful private community pool. Conveniently located near I-75, this home offers easy access to nearby shopping, dining, and entertainment. Great Wolf Lodge just opened a few miles away and World Renown 5th Ave is less than 15 minutes west. GREAT OPPORTUNITY to own a single family at this perfect LOCATION!

Details

Property type

Single Family Residence

Est. home value

$529,200

Lot size

6,534 sq ft

Price per sq ft

$309

Year built

2020

Annual property taxes

$6,305.66

HOA

Yes

Price History

03/17/2025

FGCMLS #225013134

Listed
$494,000
03/13/2025

FGCMLS #225013134

Pending
$494,000
03/10/2025

FGCMLS #225013134

Price change
$494,000
-1%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Gated, Street Lights

Number of units in community: 

75

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

-$25,867
Asking price
$494,000
Closing costs (~8% of asking)
-$39,520
Est. remaining loan balance
-$480,347
Cash to seller
-$25,867

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

First Horizon Bank

Loan start date

July 2022

Original loan amount

$500,000

Est. remaining balance

$480,347

Interest rate

5.25%

Loan type

New Conventional, 30 year

Seller

Bryan A Gallego and Taylor Gallego

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 04/03/2025 at 10:50 PM

Listing updated: 03/22/2025 at 2:06 PM

Listed by: CJ Ghannam, Premiere Plus Realty Company Phone #: (239) 732-7837

MLS: FGCMLS #225013134

FGCMLS logo

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